If you haven’t signed up for your online bank, here’s how to do it.
Purchasing a property comes with its share of responsibilities. You must pay property taxes every year. The amount and frequency vary according to several criteria (property value, geographic location, etc.).
There are 2 types of property taxes:
Municipal tax: amount to be paid to your municipality, based on the value of your property and its land. Except in exceptional cases, you receive your tax account before March 1st of each year.
School tax*: amount to be paid to your school service centre, formerly known as the school board, which serves the area where your property is located. The amount is usually collected twice a year (if it's $300 or more).
*Please note that the payment of school taxes is for Quebec residents only.
How to pay my municipal and school tax accounts online?
To plan the payment of your municipal or school tax accounts, first sign in to your online bank.
Click Products and services in the menu, and then click Mortgages.
In the section Manage your municipal and school tax accounts, click Manage my taxes, and follow the steps.
At the confirmation stage, after planning your payments, use our calculator to estimate how much you should set aside periodically to make payments to your tax accounts throughout the year.
Select the frequency at which you want to save, and voilà!
Be sure to take note of the information before clicking Close.
How to edit or delete an upcoming payment?
Here's how to edit or delete an upcoming payment:
First sign in to your online bank, and then click Bills in the menu.
Then, under the section Upcoming payments, click the blue pencil icon on the line of your tax account that you want to modify, and follow the steps.